Singapore based Shopmatic has began its Indian operations with select customers in India. The company founded by Anurag Avula, Yen Lim and Kris Chen in December 2014 lets anyone; individuals and merchants sell goods online. The clients are charged a flat fee of $20 per month, $120 for 6 months or $240 annually with a promise of managing the entire online ecommerce ecosystem.
The merchants can develop their own storefront and list their products across various marketplaces and social channels. Merchants can also get deeper insights of their sales funnel through comparison of all the channels.
Shopmatic has set up offices in Gurgaon and Bangalore, making India as its first International launch. The company is planning to expand its business operations in other Asian countries, followed by the Middle East, Africa and Australia in coming months.
Anurag Avula, the CEO of Shopmatic said that the with about 51 million SMBs in the country, India offers a unique opportunity to Shopmatic to scale. Shopmatic aims to get these sellers online so that they can offer their own products and services to pan-India shoppers.
Official Shopmatic website lists eBay, Amazon, Facebook and Flipkart as various channels where the merchant products will be showcased. The company promises complete logistics support with domestic and International service providers.
Shopmatic will face a stiff competition from Flipkart, Amazon, Snapdeal and other leading eCommerce players in India, with their ‘marketplace’ model. Any budding entrepreneur looking to setup an online shop may consider Shopmatic to setup an e-shop.
Source: Crazy Engineers